Is North Barrington, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, North Barrington was a Buyer's Market.
Housing Prices in North Barrington, IL
How much do homes in North Barrington, IL cost?
Median Sold Price
$665,000
$145/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in North Barrington was $665,000 in March 2024, down 32.8% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $990K | $400K | -59.6% |
4 Bedrooms | $862.5K | $665K | -22.9% |
5+ Bedrooms | - | $1.0M | N/A |
Summary: North Barrington housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 59.6%, 4 bedroom homes decreased by 22.9%, and 5+ bedroom homes did not change.
Housing Supply in North Barrington, IL
How many homes are available in North Barrington, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 28 | +16.7% |
Summary: The North Barrington real estate market had 28 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The North Barrington housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in North Barrington in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for North Barrington, IL
How long does it take to sell a home in North Barrington, IL?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 37 Days | -56.6% |
Summary: Homes in North Barrington had an average of 37 days on market in Mar 2024, down by 56.6% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in North Barrington; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.